CEOs Had a Pretty Good 2017

CEO pay is up!

The chief executives of America’s biggest companies are on track for another banner year of compensation, fueled by a soaring stock market and an improving economy….Total pay—including salary, cash incentives, equity, perquisites and more—rose at least 9.9% for half the executives, the fastest annual growth since 2014, while about a quarter of the executives received raises of 25% or more. Most of the gains came from stock awards, as firms largely held the line on cash compensation and stock options.

So the top half of CEOs saw their pay go up more than 10 percent. I don’t know exactly how the rest of us did on that scale, but people with bachelors degrees are a rough proxy for the top half of the general population. According to the BLS, their pay went up 1.6 percent last year. So I guess the CEOs did pretty well. It’s no wonder they were rewarded with a nice tax cut from the Republican Party.

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DEMOCRACY DOES NOT EXIST...

without free and fair elections, a vigorous free press, and engaged citizens to reclaim power from those who abuse it.

In this election year unlike any other—against a backdrop of a pandemic, an economic crisis, racial reckoning, and so much daily crazy—Mother Jones' journalism is driven by one simple question: Will America move closer to, or further from, justice and equity in the years to come?

If you're able to, please join us in this mission with a donation today. Our reporting right now is focused on voting rights and election security, corruption, disinformation, racial and gender equity, and the climate crisis. We can’t do it without the support of readers like you, and we need to give it everything we've got between now and November. Thank you.

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